Purpose of the topic: for a simple clarity on what your thoughts are.
Key point: cash-out in gambling and stop lose/take profit in trading
Guys, there have been too many comparison between gambling and trading and some people says that gambling is totally different from trading while some people also think that they are both the same. Personally I believe that they have similarities in some things but they are completely different. That was my believe not until I saw a discussion comment that said that gambling is 100% the same as trading and while I argue that they are never the same, I even told them that there is no stop lose in gambling but it's there in trading. I was told that the cash-out feature in casinos is the same thing as stop lose in trading. I have been thinking about and I decided to bring it here. What do you have to say ?
I think there is a lot of difference between gambling and trading and it is completely different. Because if I say in terms of gambling then gambling is a game where you have to rely on luck. If we lose money while gambling then we try to hope for the profit of the next bet if it is based on luck. But although we play it with joy, after we lose money we gradually become more addicted to it, as a result we are afraid of losing all our assets. In terms of trading it is completely different. If we want to invest in a currency then we invest there without analyzing it well and relying on what the future may be. A professional investor will never support gambling. Trading depends completely on himself, his knowledge or his own strategy. So I would say that trading and gambling are never the same, they are completely different.
Saying that winning or losing in gambling depends mostly on luck may be partly true because the outcome of every game does not depend on luck. If you have been betting for a long time then you will have the maturity. An intermediate or beginner gambler will not have the maturity like you do that is why the novice or intermediate gambler will have more chances of losing than an experienced gambler. In every case, experienced people have the upper hand and you can take advice from them and apply it in real life.
Comparing gambling with trading is not a correct consideration, it is completely different. I agree with you on this. Through trading, traders are not likely to lose their capital completely and over time they gain experience and start making profits. Gambling is the complete opposite because it is impossible to get back the lost money.